By Steve Goldstein
U.K.-listed airlines slumped on Thursday on a report the British government won’t add any new countries to its “green” list for travel, and will remove a key destination.
According to the BBC, Portugal will be moved from England’s green travel list to amber, meaning people can only travel there for essential reasons. No new countries will be added to the green list, and “more countries” will be added to the red list, where travel is only permitted for extreme circumstances.
Shares of easyJet /zigman2/quotes/202825892/delayed UK:EZJ +0.54% and International Consolidated Airlines /zigman2/quotes/208070069/delayed UK:IAG -0.55% each lost 5%, while Wizz Air /zigman2/quotes/210449062/delayed UK:WIZZ 0.00% and Ryanair each slipped close to 3%.
The broader FTSE 100 /zigman2/quotes/210598409/delayed UK:UKX -0.12% weakened, falling 0.9%, as U.S. equity futures soured, amid concerns about the U.S. Federal Reserve’s bond buying program.
B&M European Value Retail /zigman2/quotes/208742159/delayed UK:BME -0.18% fell 4% as the retailer said U.K. like-for-like sales in the first nine weeks of fiscal 2022 fell 1%, as it forecast a decline in margins for the year. In France, it said sales were “pleasing” since the lockdown ended on May 19. B&M more than doubled its profit in the year ending March 27 on 24% like-for-like sales growth in the U.K.